This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

A solar rooftop photo voltaic (PV) system converts sunlight energy into electricity energy through solar panels which are installed on the roof of any residential and non-residential areas. These systems can either connect to the grid, or to the off-grid with battery storage. Solar rooftop panels enable safe and noiseless power generation, which makes them essential product. Cost-effective nature, reductions in technology prices, and growing networks of solar installers helps to drive the market towards growth. Moreover, environmental concerns, increasing investment in clean energy, and low operating cost of a solar rooftop panels are some factors fueling the market growth.

In many countries such as India and European countries, the policies such as feed-in-tariff (FIT), portfolio standard (RPS), tax credits, pricing laws etc., have been developed and implemented to promote the use of solar energy. Some policies such as production incentives, quota requirements, trading systems, also have been developed to influence growth of the target market. Recently, in 2015, the Ministry Of New And Renewable Energy (MNRE) of India announced its 40 GW target and a subsidy for home-owners to install rooftop systems, and wish to announce policies to enable net-metering. Net-metering is a billing mechanism that enables consumers to be paid for injecting surplus renewable power back into the grid. Government provides 30% capital subsidy on the system cost for systems of residential rooftops.

The global solar rooftop market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Geographically, market of solar rooftop market was dominated by Asia Pacific. Positive government support, constantly increasing energy costs, and increasing awareness related to benefits associated with the use of solar energy are some of the factors driving the market growth. In addition, stringent regulations with a target to reduce carbon footprint, financial support as well as subsidies for using renewable sources of energy, various schemes, campaigns and programs introduced by The World Bank, MNRE and International Finance Corporation to promote solar power solutions have led to an increase in demand for the target market in this region.

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